Lundin Mining (LUN) PT Raised to C$9.00

Lundin Mining (TSE:LUN) had its price objective upped by analysts at Berenberg Bank from C$7.50 to C$9.00 in a report issued on Thursday. Berenberg Bank’s price objective points to a potential upside of 15.53% from the stock’s previous close.

A number of other research analysts also recently commented on LUN. National Bank Financial downgraded Lundin Mining from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$10.50 to C$11.50 in a research note on Wednesday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$10.50 price target on shares of Lundin Mining in a research note on Monday, October 23rd. Scotiabank reaffirmed a “focus stock” rating and issued a C$10.50 price target on shares of Lundin Mining in a research note on Thursday, October 26th. Canaccord Genuity downgraded Lundin Mining from a “buy” rating to a “hold” rating and dropped their price target for the company from C$10.50 to C$9.00 in a research note on Thursday, November 30th. Finally, Raymond James Financial boosted their price target on Lundin Mining from C$9.00 to C$10.00 and gave the company a “market perform” rating in a research note on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$9.43.

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Lundin Mining (TSE:LUN) traded down C$0.35 during mid-day trading on Thursday, reaching C$7.79. The company had a trading volume of 1,964,234 shares, compared to its average volume of 2,422,843. The firm has a market capitalization of $6,250.00, a P/E ratio of 11.46 and a beta of 1.39. Lundin Mining has a fifty-two week low of C$6.62 and a fifty-two week high of C$10.22.

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About Lundin Mining

Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.